Michael Jackson Executors Want 10%
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Michael Jackson's executors want 10% of the profits from most things Michael Jackson.
In legal docs filed today, lawyers for John Branca and John McClain asked the court to green light compensation to the tune of 10% of all profits, excluding profits from "This Is It" and profits from the Sony/ATV and Mijac catalog.
Howard Weitzman, Branca and McClain's lawyer, notes that the estates of other big musicians pay out 15 to 25 percent of profits to people who run their businesses after death.